LokumFinance Defi

ertugrul51 (25)in #lokumfinance • 4 years ago

LokumFinance

Lokum Finance has been listed art DappRadar, the starting point for dapp discovery and acts as a distribution channel for dapp developers that are looking to reach new consumers. LokumFinance is a robotized automated market maker (AMM) a decentralized record (DeFi) application that licenses customers to exchange tokens It's launched in April 2021 and is a decentralized exchange for swapping BEP-20 tokens on Binance Smart Chain. LokumFinance uses an automated market maker model where users trade against a liquidity pool and these pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. These tokens can later be used to reclaim their share of the pool as well as a portion of the trading fees.

LokumFinance is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. LokumFinance uses an automated market maker model where users trade against a liquidity pool These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.

The goal of the LokumFinance project is to bring trust and transparency to the Blockchain and cryptocurrency space, a platform that provides trust for both the service provider and the purchaser of purchases. The project has a good foundation, transparency, a high level of security and many other outstanding features. I am confident that the project will confidently attract large investors to participate. We believe LokumFinance is one of these yield farming protocols that’s capable of challenging the ones currently stealing the show, Here is the review of LokumFinance hopefully it provides clarity on the gold-mine status of the yield farming protocol.

Token details

ChainTicker: LKM

Token address: 0x1099E778846bAa6aAD3C6F26Ad42419AA7f95103

Chain: Binance Smart Chain (BEP-20)

Max Supply: Unlimited

Market Cap - $302,363.516

Total Value Locked (TVL) - $49,898.393

Farming rewards
1 LKM/block.

28,800 LKM/day

Reward will decrease every two weeks of 10% (if necessary will be divided by 2 according to the community wish). This parameter will be lead by the project owner first, and then by the community.

10% will be sent to the developers addresses for marketing purposes, payout, and to fund future partnerships & strategic developments

Fees
Approximately 5% of the transaction fees (0 ~ 4%) will be used for donation. 95% will be used for buying back LKM and burn according to necessity.

Burn
The current burn is done manually to stabilize the price when massive dumps happen as we are trying to promote long term yield farming instead of pumps and dumps.